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916 W State Street
Trenton, NJ 08618
MLS# NJME2011344 ID: 74373151
3466 sq.ft.
$424,999
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Property Description
Victorian, Detached - TRENTON, NJ Fully Occupied 4 unit Apartment Building for sale. 2021: Total current rent per month: $4353 (APT1: 1075, APT2: 975, APT3; 1328, APT 4: 975) (Yearly: $52,236) See below for Profit and Loss. Apt 4 has an extra room that could be use as a baby room or office. The entire building was renovated between 2011 and 2012. Only showing pictures of Apartment 3 and 4. Apartment 1 is very spacious with original beautiful hard wood and open design kitchen. Apartment 2 also has a very nice kitchen and floor plan. Tenants pay Electric, Gas heat, Gas Hot Water, and Owner pays water/sewer, common electric, and lawn care. Due to tenants' privacy, showings will only occur for approved buyers with proof of pre-approval that can be confirmed or cash in full available for the purchase price. Showings will be grouped to a few people at a time on a select afternoon to be determined. Tenants pay Electric, Gas heat, Gas Hot Water, and Owner pays water/sewer, common electric, and lawn care. Rent Amounts: Apt 1: Subsidized: Lease Amount: $1075 Apt 2: Subsidized Master Lease Amount: $975 Apt 3: Subsidized Lease Amount: $1,328 Rent Apt 4: Subsidized Lease Amount: $975 Rent 2021: Total rent collected for the year = $51,649 2021: Profit and loss: $51,649 - $20,392.96 = $31,256.04 2019: GROSS RENT COLLECTED: $48,635.50 EXPENSES: $13,706.22 NET INCOME: $34,929.28 ADDITIONAL ONE TIME EXPENSES: PAINT AND REPAIRS TO APT 3 APT 4: $7,703.50 2020: GROSS RENT COLLECTED: $49,790.40 EXPENSES: $10,987.06 NET INCOME: $38,803.34 ADDITIONAL ONE TIME EXPENSES: PAINT AND REPAIRS TO APT 1 AND 10 YEAR SMOKE UPGRADE: $3,063.28 All references to the profit or loss and income are taken directly from QuickBooks. The landlord uses a CPA and bookkeeper that is an employee of CPA. These numbers can be verified during due diligence. All number should be verified by the buyer before closing.
Property Features
Status
Days On Market 112 days
Last Updated May 18, 2022
Market Status Available
Description
Property Type Multi Family
Year Built 1920
Approx. Lot Size .2 Acres
Sq. Feet 3466
Building Features
Basement
Cooling System Window Unit(s) A/C
Heating System Radiator
Exterior Features
Exterior Construction Brick
Legal/Financial
Taxes 9095
Listing Features
Property Type MultiFamily; Single Family Detached
Other Features
JOYCE KILMER,TRENTON CENTRAL,TRENTON PUBLIC SCHOOLS; TRENTON PUBLIC SCHOOLS
JOYCE KILMER,TRENTON PUBLIC SCHOOLS; TRENTON PUBLIC SCHOOLS,TRENTON CENTRAL
TRENTON CENTRAL,JOYCE KILMER,TRENTON PUBLIC SCHOOLS; TRENTON PUBLIC SCHOOLS
TRENTON CENTRAL,TRENTON PUBLIC SCHOOLS; TRENTON PUBLIC SCHOOLS,JOYCE KILMER
TRENTON PUBLIC SCHOOLS; TRENTON PUBLIC SCHOOLS,JOYCE KILMER,TRENTON CENTRAL
TRENTON PUBLIC SCHOOLS; TRENTON PUBLIC SCHOOLS,TRENTON CENTRAL,JOYCE KILMER
Offered By:
John Bryman
Realty Mark, LLC

Data Provided by Bright MLS

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